Speaking on Bloomberg TV now
Fed's Bostic has moved to Bloomberg TV after speaking on CNBC earlier
- Businesses are telling him that consumer demand is strong
- No signs strong consumer spending will fall off
- Businesses are saying they are being affected by trade risks
- Repeats that he does not see a rate move in either direction
- December rate hike was not a mistake.
- Fed policy is absolutely on point
- consumers have growing confidence in their job security
Bostic is the president of the Atlanta Fed. He is a nonvoting member this year and is considered more of a centrist.